Regarding Hard Currencies,which of the Following Statements Is True

question 115

Multiple Choice

Regarding hard currencies,which of the following statements is true?

• A)Countries with hard currency typically use the barter system when exporting goods.
• B)The U.S.dollar is an example of hard currency,which is easily converted into other currencies.
• C)Hard currency is difficult to convert into other currency.
• D)A country with hard currency is likely to have a trade deficit.

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Definitions:

Cash Dividends

Cash distributions made to shareholders by a company out of its earnings.

Stockholders' Equity

Stockholders' Equity refers to the residual interest in the assets of a corporation after deducting liabilities, represented by capital stock, retained earnings, and possibly other components.

Increase Expenses

Refers to the rise in costs or expenditures that a company may experience as part of its operations.

Earning Revenue

The income a company generates from its business activities, typically from the sale of goods or services.